Which Countries Have the Highest Corporate Tax Rates in the G20?

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June 26, 2024 Graphics/Design:

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Which Countries Have the Highest Corporate Tax Rates in G20?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In the wake of the 1999 Asian financial crisis, government representatives from the 20 largest economies in the world decided to informally gather to coordinate policy on trade. Thus began the G20.

Together the bloc accounts for more than 85% of the world economy and has been credited with unified policy action in response to world events.

However, despite this shared affiliation, this group is still made of fundamentally different economies with varied policies towards their business entities.

For a quick overview, we visualize and rank the G20 countries by their headline corporate tax rates. Data is sourced from Trading Economics, accessed June 2024. Data for the EU and the African Union (both G20 members) has not been included.

Ranked: G20 Members by Their Corporate Tax Rates

Argentina and India have the highest corporate income tax rates, at 35% in the G20.

However, both countries have a progressive ladder for taxation, so this headline number may only apply to a smaller subset of firms. For foreign companies with a “permanent entity” in India, the rate climbs past 40%.

RankG20 MemberCorporate Tax Rate 1🇦🇷 Argentina35% 2🇮🇳 India35% 3🇧🇷 Brazil34% 4🇯🇵 Japan31% 5🇦🇺 Australia30% 6🇩🇪 Germany30% 7🇲🇽 Mexico30% 8🇨🇦 Canada27% 9🇿🇦 South Africa27% 10🇨🇳 China25% 11🇫🇷 France25% 12🇹🇷 Türkiye25% 13🇬🇧 UK25% 14🇮🇹 Italy24% 15🇰🇷 South Korea24% 16🇮🇩 Indonesia22% 17🇺🇸 U.S.21% 18🇷🇺 Russia20% 19🇸🇦 Saudi Arabia20%
Note: EU and African Union not included. Figures rounded. Data accessed June 2024.

Interestingly, BRICS countries cover the spectrum of corporate tax rates. Starting from the highest (India, Brazil) to middle of the pack (South Africa, China) to lowest (Russia).

On the other hand, most of the G7 cluster in the mid-ranges (24–30%), with Japan the highest outlier

Chart: Which Countries Eat the Most Instant Noodles?

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June 23, 2024 Graphics/Design:

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Chart: Which Countries Eat the Most Instant Noodles?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The world collectively consumed 120 billion instant noodle servings in 2023. But which countries ate the most?

We visualize the country-level breakdown with estimated figures from the World Instant Noodles Association (WINA).

ℹ️ Established in March 1997, WINA collects and distributes data related to instant noodles for safe consumption and quality. Ranked: Countries by their Instant Noodle Consumption

Unsurprisingly, the now second-most populous country in the world, China, (along with Hong Kong SAR) ate about 42 billion instant noodle servings in 2023. This works out to about 30 noodle helpings per person in the year.

RankCountryRegionInstant Noodle
Servings Consumed 1🇨🇳 China and
🇭🇰 Hong Kong
Asia42.2B 2🇮🇩 IndonesiaAsia14.5B 3🇮🇳 IndiaAsia8.7B 4🇻🇳 VietnamAsia8.1B 5🇯🇵 JapanAsia5.8B 6🇺🇸 U.S.North America5.1B 7🇵🇭 PhilippinesAsia4.4B 8🇰🇷 South KoreaAsia4.0B 9🇹🇭 ThailandAsia4.0B 10🇳🇬 NigeriaAfrica3.0B 11🇧🇷 BrazilSouth America2.6B 12🇷🇺 RussiaEurope/Asia2.2B N/A🌍 Rest of WorldOther15.6B

Staying in Asia, Indonesia (14.5 billion servings), India (8.7 billion), Vietnam (8.1 billion) and Japan (5.8 billion) make up the top five.

The U.S. is the top ranked country by instant noodle consumption (5.1 billion servings) from outside Asia. There are also only two non-Asian countries in the top 10, with the other being Nigeria (3 billion portions).

Russia is the top ranked European country for instant noodle consumption, 12th overall with 2.2 billion servings.

Noodle Preferences Around the World

There’s a large variety in instant noodle brands worldwide, catering to different populations’ specific cultural and dietary habits.

For example, given Indonesia’s largely Muslim population, most noodle products are halal.

On the other hand, vegetable and tomato-based soups are eaten the most in India due to its large vegetarian population.

Meanwhile, Vietnam prefers a shrimp-flavored broth along with pho rice noodles, which are popular in the country.

To end with a fun fact, instant noodles sold in the U.S. are generally

Mapped: Highest and Lowest Doctor Density Around the World

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June 20, 2024 Graphics/Design:

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Mapped: Highest and Lowest Doctor Density Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic maps and ranks the countries with the highest and lowest doctor density (measured per 10,000 population), according to World Health Organization (WHO) estimates as of 2022.

ℹ️ “Doctors” includes generalists, specialist medical practitioners and other medical doctors not further defined. Depending on the source country, may include only practicing physicians or all registered physicians.

Health worker density in general is an important metric tracked by the UN, as part of its sustainable development goals. A 2016 WHO study found that investing and expanding healthcare workforces improves economic growth.

Ranked: Doctors Per 10,000 Population

European countries, like Belgium, Georgia, and Austria, lead the ranks by the ratio of doctors to resident population. South American countries, represented by Uruguay and Argentina, also make the top 10.

RankCountryDoctors per 10K People (2022) 1🇧🇪 Belgium63.9 2🇬🇪 Georgia56.1 3🇦🇹 Austria55.1 4🇱🇹 Lithuania51.3 5🇧🇬 Bulgaria49.0 6🇺🇾 Uruguay46.3 7🇮🇸 Iceland45.2 8🇨🇻 Cabo Verde44.6 9🇮🇹 Italy42.5 10🇦🇷 Argentina40.8 11🇵🇾 Paraguay38.8 12🇸🇨 Seychelles38.2 13🇮🇱 Israel37.1 14🇳🇿 New Zealand35.7 15🇨🇱 Chile31.7 16🇬🇧 UK31.7 17🇸🇦 Saudi Arabia30.8 18🇧🇧 Barbados29.7 19🇲🇪 Montenegro27.5 20🇨🇷 Costa Rica26.4 21🇨🇦 Canada25.0 22🇩🇴 Dominican Republic22.3 23🇴🇲 Oman20.6 24🇵🇪 Peru16.2 25🇸🇿 Eswatini15.9 26🇸🇻 El Salvador15.5 27🇲🇺 Mauritius12.0 28🇮🇶 Iraq10.1 29🇮🇩 Indonesia6.9 30🇧🇹 Bhutan5.5 31🇳🇦 Namibia5.4 32🇬🇦 Gabon4.8 33🇳🇬 Nigeria3.9 34🇧🇼 Botswana3.8 35🇿🇲 Zambia2.6 36🇦🇴 Angola2.4 37🇲🇷 Mauritania2.4 38🇬🇼 Guinea-Bissau2.1 39🇧🇯 Benin2.0 40🇨🇩 DRC1.9 41🇲🇱 Mali1.9 42🇨🇮 Côte d’Ivoire1.8 43🇱🇷 Liberia1.8 44🇨🇬 Congo1.7 45🇺🇬 Uganda1.7 46🇿🇼 Zimbabwe1.7

Visualizing the Wealth of Americans Under 40 (1989-2023)

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June 18, 2024 Graphics/Design:

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Visualizing the Wealth of Americans Under 40 (1989-2023)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Millennials have been often referred to as a “broke generation.” Whether in conversations or on the news, it is common to hear how those born in the 1980s or 1990s are struggling in today’s economy, particularly when it comes to entering the housing market or saving for retirement.

However, data shows that the wealth of Americans under 40 years old has hit historic highs after the COVID-19 pandemic, suggesting that millennials have accumulated more wealth by their 40s than previous generations.

To illustrate this, the graphic above shows the average wealth per household, adjusted for inflation, for Americans under 40 years old from Q4 1989 to Q4 2023 (in December 2023 dollars). The data is sourced from the Federal Reserve and accessed via the Center for American Progress.

Post-Pandemic Recovery

Data indicates that younger Americans have reaped the most benefits from the strong economic recovery after the pandemic, enjoying low unemployment rates and rapid wage growth.

The average wealth of U.S. households under 40 was $259,000 in the fourth quarter (Q4) of 2023, compared to $164,000 in Q4 1989 and $182,000 in Q4 2000.

QuarterAverage Wealth for Those Under 40 (USD) Q4 1990152K Q4 1995146K Q4 2000182K Q4 2005184K Q4 2010100K Q4 2015148K Q4 2020231K Q4 2023259K

Looking specifically at millennial households, inflation-adjusted wealth has more than doubled during the same period.

The increase in younger Americans’ wealth is not concentrated in a single area. Average housing wealth—house values minus mortgage debt—rose by $22,000 from 2019 to 2023. Younger Americans also saw gains in liquid assets, such as bank deposits and money market mutual funds, business ownership, and financial assets, mainly stocks and mutual funds.

Additionally, non-housing debt, such as credit card and student loan debt, fell for this age group after the pandemic.

Where Unemployment Benefits are the Highest, in OECD Countries

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June 17, 2024 Graphics/Design:

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Ranked: Unemployment Benefits in OECD Countries

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This graphic ranks OECD countries by their level of unemployment benefits offered. This is measured by the percentage of previous in-work income a person would earn after being unemployed for one year.

Calculations reference a single person without children, whose previous in-work earnings were 67% of the average wage in each country. Data for this graphic and article can be accessed at OECD.org.

ℹ️ As of 2024, the OECD has 38 member countries plus several accession candidates. OECD Countries by Unemployment Support

Luxembourg tops the rankings of OECD countries by unemployment benefits. Workers in the country can receive 87% of their previous employed income for up to a full year out of work.

RankCountry% of previous in-work
income received
after 1 year 1🇱🇺 Luxembourg87 2🇧🇪 Belgium78 3🇩🇰 Denmark78 4🇧🇬 Bulgaria*77 5🇵🇹 Portugal75 6🇨🇭 Switzerland72 7🇳🇴 Norway67 8🇫🇷 France66 9🇪🇸 Spain66 10🇳🇱 Netherlands64 11🇸🇪 Sweden64 12🇮🇹 Italy62 13🇮🇸 Iceland61 14🇩🇪 Germany60 15🇫🇮 Finland58 16🇦🇹 Austria51 17🇲🇹 Malta*49 18🇬🇷 Greece47 19🇪🇪 Estonia45 20🇸🇮 Slovenia44 21🇳🇿 New Zealand42 22🇭🇷 Croatia*41 23🇨🇾 Cyprus*38 24🇯🇵 Japan38 25🇷🇴 Romania*38 26🇮🇪 Ireland35 27🇦🇺 Australia32 28🇵🇱 Poland31 29🇰🇷 South Korea23 30🇨🇦 Canada22 31🇮🇱 Israel22 32🇱🇹 Lithuania21 33🇨🇿 Czechia20 34🇬🇧 UK16 35🇱🇻 Latvia14 36🇸🇰 Slovakia10 37🇹🇷 Türkiye10 38🇭🇺 Hungary9 39🇺🇸 U.S.9
*Not formally in the OECD. Data unavailable for Costa Rica, Chile, Colombia, and Mexico. Figures current up to 2023.

However, there are stipulations to receiving this money. This includes being fit and willing to work as well as already registered in the National Employment Agency.

Ranked: The Countries Receiving the Most Remittances From Abroad

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June 16, 2024 Graphics/Design:

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The Countries Receiving the Most Remittances From Abroad

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

We chart the top countries by money received from abroad, in current U.S. dollars, based on 2000-2023 data from Knomad.

Specifically, these transfer totals shown represent personal remittances, or money sent between residents and non-residents, including personal transfers and compensation for work done abroad. It does not include, and is separate from, foreign investment.

Top 10 Countries by Personal Remittances Received (2000-2023)

The Indian diaspora—measuring nearly 18 million people—collectively sent more than $125 billion back to the country in 2023. In fact, India became the first country to ever receive more than $100 billion in personal remittances in 2022.

Top Countries Receiving
Money From Abroad2000 Top Countries Receiving
Money From Abroad2023e 🇮🇳 India$13B🇮🇳 India$125B 🇫🇷 France$9B🇲🇽 Mexico$67B 🇲🇽 Mexico$8B🇨🇳 China$50B 🇵🇭 Philippines$7B🇵🇭 Philippines$40B 🇬🇧 UK$5B🇫🇷 France$34B 🇹🇷 Türkiye$5B🇵🇰 Pakistan$24B 🇰🇷 South Korea$5B🇪🇬 Egypt$24B 🇺🇸 U.S.$4B🇧🇩 Bangladesh$23B 🇵🇹 Portugal$4B🇳🇬 Nigeria$21B 🇩🇪 Germany$4B🇬🇹 Guatemala$20B
Note: 2023 figures are estimates. All numbers rounded.

For context, India’s remittances received adds to more than the next two countries, Mexico ($67 billion) and China ($50 billion) combined.

Meanwhile, over the last two decades, the top 10 has seen a major shift. Countries from Europe have fallen out, replaced by Asian and African countries with big diaspora communities.

And the countries they’ve replaced—France, UK, Germany—are now some of the top destinations for immigration, from where remittances are usually sent.

The UN states that at least one in nine people globally are supported by funds received from abroad, and half of the amount ends up in rural areas, where some of the world’s poorest people live. This also makes remittances three times more important than international aid.

On a global scale, personal inbound remittances have risen seven times between 2000 and 2023.

Charted: Contributions to UN Peacekeeping Forces by Country

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June 15, 2024 Article/Editing:

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Charted: Contributions to UN Peacekeeping Forces by Country

An earlier version of this graphic was posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

With their sky blue helmets, berets, and badges, the UN Peacekeeping forces are meant to be a symbol of international cooperation in conflict zones around the world.

They’re composed entirely from voluntary contributions from UN Member States—and include police and civilian roles along with military personnel.

The visualization by creator Preyash Shah serves as a primer on the UN Peacekeeping forces. It shows which countries are the biggest personnel contributors, which of them are top funders, and also lists the current ongoing peacekeeping operations. Data for this chart comes from the UN Peacekeeping archives.

Countries by Troop Contributions to UN Peacekeeping (2023)

From South Asia, a trio of countries—Nepal, Bangladesh, and India—are each contributing more than 6,000 personnel to the UN peacekeepers.

A majority of these representatives are soldiers, heavily involved in the four active peacekeeping missions in Africa.

RankCountryPersonnel 1🇳🇵 Nepal6,247 2🇧🇩 Bangladesh6,197 3🇮🇳 India6,073 4🇷🇼 Rwanda5,919 5🇵🇰 Pakistan4,164 6🇮🇩 Indonesia2,717 7🇬🇭 Ghana2,664 8🇨🇳 China2,267 9🇪🇬 Egypt1,739 10🇲🇦 Morocco1,715 11🇹🇿 Tanzania1,544 12🇪🇹 Ethiopia1,509 13🇸🇳 Senegal1,194 14🇿🇦 South Africa1,133 15🇨🇲 Cameroon1,103 16🇺🇾 Uruguay1,016 17🇿🇲 Zambia996 18🇹🇳 Tunisia988 19🇲🇳 Mongolia898 20🇮🇹 Italy872 21🇲🇾 Malaysia865 22🇲🇼 Malawi802 23🇲🇷 Mauritania787 24🇧🇮 Burundi769 25🇰🇭 Cambodia734 26🇪🇸 Spain688 27🇺🇬 Uganda654 28🇫🇷 France587 29🇱🇰 Sri Lanka561 30🇰🇷 South Korea545 31🇮🇪 Ireland458 32🇰🇪 Kenya456 33🇳🇬 Nigeria421 34🇹🇬 Togo408 35🇩🇪 Germany383 36🇯🇴 Jordan357 37🇫🇯 Fiji339 38🇧🇯 Benin319 39🇦🇷 Argentina292 40🇹🇭 Thailand289 41🇬🇧 UK280 42🇻🇳 Viet Nam274 43🇷🇸 Serbia271 44🇵🇪 Peru262

Ranked: Countries with the Most Embassies Around the World

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June 13, 2024 Graphics/Design:

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Mapped: Countries with the Most Embassies Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

It’s easy to contextualize a country’s economic might (GDP) or military prowess (military budgets), but what about diplomatic influence?

The Global Diplomacy Index by the Lowy Institute is an attempt to measure and compare diplomatic networks worldwide to understand the foreign ties that influence geopolitics.

From their 2024 update, we visualize the top 25 countries with the most embassies worldwide. Data for this graphic is current up to November 2023, and does not reflect diplomatic consequences from the Israel-Hamas war.

Ranked: Countries by Worldwide Embassy Count

China leads with 173 embassies around the world, eclipsing the U.S. (168) by just five more foreign posts.

Former colonial powers, France (158) and the UK (156) rank third and fourth respectively. Japan (152) rounds out the top five.

RankCountryEmbassies Overseas 1🇨🇳 China173 2🇺🇸 U.S.168 3🇫🇷 France158 4🇬🇧 UK156 5🇯🇵 Japan152 6🇩🇪 Germany148 7🇹🇷 Türkiye145 8🇷🇺 Russia143 9🇧🇷 Brazil135 10🇮🇳 India135 11🇮🇹 Italy124 12🇪🇸 Spain114 13🇰🇷 South Korea114 14🇳🇱 Netherlands106 15🇸🇦 Saudi Arabia104 16🇨🇭 Switzerland102 17🇨🇦 Canada98 18🇿🇦 South Africa98 19🇮🇩 Indonesia92 20🇵🇱 Poland91 21🇨🇿 Czech Republic91 22🇵🇰 Pakistan89 23🇦🇷 Argentina87 24🇭🇺 Hungary87 25🇸🇪 Sweden87
Note: As of November, 2023.

The index notes some key findings in the regional footprint of all these foreign posts as well.

For example, China has a larger diplomatic presence in Africa, East Asia, and the Pacific, while the U.S. leads in the Americas, Europe, and South Asia. This reflects the two superpowers’ trade and economic ties as well.

Meanwhile, Türkiye and India have grown their diplomatic networks the most in recent years. Interestingly, both countries prioritized Africa in their new outreach. In fact, India is a key export

Ten Classic American Brands Owned by Foreign Companies

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June 13, 2024 Graphics/Design:

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Ten Classic American Brands Owned by Foreign Companies

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Popular brands have an intangible effect on culture. As symbols of eras past and present, they’re associated with identities, lifestyles, and trends in society.

Using data from 24/7 Wall St, we list some classic American brands that are owned by foreign companies

A List of American-Founded, Foreign-Owned Brands

Tiffany and Co.’s 183-year American story came to an end in 2019 after French luxury giant LVMH announced plans to acquire the company.

The sale did not progress smoothly but in 2021, LVMH completed its acquisition for a slightly-reduced $16 billion price tag.

In the years since, Tiffany’s earnings have doubled, LVMH’s stock price has risen 50%, and Bernard Arnault—LVMH Chairman and CEO—has become the world’s richest man.

CompanyFirst Sold to
Foreign BuyerCurrent Owner Trader Joe’s1979🇩🇪 Aldi Nord Burger King1989🇬🇧 Grand Metropolitan 7-Eleven1991🇯🇵 Seven & I Holdings Lucky Strike1994🇬🇧 British American Tobacoo Chrysler1998🇳🇱 Stellantis N.V. Ben and Jerry’s2000🇬🇧 Unilever* IBM (PC Business)2005🇨🇳 Lenovo Budweiser2008🇧🇪 Anheuser-Busch InBev Popeyes2017🇨🇦 Restaurant Brands International Tiffany & Co.2019**🇫🇷 LVMH
*Unilever has announced it’s spinning off its ice cream businesses. **Deal finalized in 2021. Data current to May 2024.

Another brand from 19th century America, Lucky Strike, saw its ownership change in 1994, when British American Tobacco Company acquired the American Tobacco Company.

Meanwhile, a hallmark of the American automaker landscape, Chrysler merged with Daimler-Benz in 1998. Since then however the company has moved and merged with others (Fiat) and is now under the Stellantis N.V. group, with headquarters located in Hoofddorp, Netherlands.

A more recently born U.S. brand, (in comparison to earlier mentioned stalwarts), Trader Joe’s stayed American-owned for only 12 years after it was founded in 1967. Theo Albrecht, owner and CEO of Aldi Nord, a German supermarket chain, acquired the business in 1979.

How Oil Is Adding Fuel to Geopolitical Fragmentation

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10 mins ago

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June 11, 2024 How Oil Is Adding Fuel to Global Fragmentation

Russia’s invasion of Ukraine in February 2022 led to severe bans or restrictions on Russian oil from the West. Meanwhile, other nations—including China, India, and Türkiye—opted to deepen trade ties with the country.

This graphic from the Hinrich Foundation is the final visualization in a three-part series covering the future of trade. It provides visual context to the growing divide among countries shunning Russian oil versus those taking advantage of the excess supply.

Which Countries Have Decreased or Banned Russian Oil Imports?

This analysis uses data from the IEA’s February 2024 Oil Market Report on Russian oil exports from 2021 to 2023.

Following the invasion, both the U.S. and the UK enacted a complete ban on Russian crude. Imports dropped from 600,000 barrels per day (bpd) in 2021 to zero by late-2022. 

Country/Region2021 (bpd)2022 (bpd)2023 (bpd)Change; 2021-2023 (bpd) EU3.3M3.0M600K-2.7M UK & U.S.600K100K0-600K OECD Asia500K200K0-500K

Similarly, the EU, which has historically been more reliant on oil from Russia, dropped imports by over 80%, from 3.3 million bpd in 2021 to 600,000 bpd in 2023.

OECD Asia-Pacific—which includes Japan, South Korea, Australia, and New Zealand—also slashed their Russian oil imports. 

Which Countries Have Increased Imports of Russian Oil?

The pullback in demand for Russian crude from the West created a buying opportunity for countries and regions that chose not to support Western sanctions. 

Country/Region2021 (bpd)2022 (bpd)2023 (bpd)Change; 2021-2023 (bpd) India100K900K1.9M+1.8M China1.6M1.9M2.3M+700K Türkiye200K400K700K+500K Africa100K100K400K+300K Middle East100K200K300K+200K Latin America100K100K200K+100K Other800K600K900K+100K

India increased its imports of oil from Russia, by the largest amount from 2021 to 2023—up to 1.9 million bpd from only 100,000 bpd. 

China, the biggest net importer, also saw a large uptick. The country boosted imports for Russian oil by over 40% over this timeframe. Türkiye increased imports of Russian crude by an additional 500,000 bpd. 

Several other regions—such as Africa, the Middle East, and Latin America—saw slight upticks in imports. 

Shifting Trade Dependencies

The dynamics present in the global crude market underscore broader trends in Russia’s trade relationships. Russia is becoming increasingly less economically reliant on the West